MF GLOBAL FINANCE FILES BANKRUPTCY

Game Over. And in the meantime, we get the following report from a media source: "CME’s acting like the MF Global thing just happened. They’re haphazardly locking traders out who clear with MF, blocking access to the floor of not just MF Global employees but people who clear through them. As a result, nobody wants to leave the floor and nobody who still has access wants to trade just to get locked out."

Another multibillion dollar failure courtesy of your ex-Goldman/ex-Government friends. Timmay, Corzine, Paulson are the poster childs of corruption and lunacy in the USA. Blankfeinf for president anyone?

We deliver trading and hedging solutions across all assets in markets around the world. MF Global is a leading broker of commodities and listed derivatives and one of 22 primary dealers authorized to trade U.S. government securities.

Discover the power of Strategy Runner. MF Global’s newest, most advanced trading platforms and auto-execute solutions.

Solid infrastructure. Trusted relationships. That’s what MF Global delivers. And that’s why clients rely on us to execute, clear and settle their transactions across asset classes and around the world.

Unique insights, passion for what we do. That’s MF Global. And it’s how we keep clients on top of the world markets.

Indispensable, well-timed insight. Forward-thinking, unwavering vision. Deeply rooted passion for the markets. At MF Global, our relentless pursuit of market opportunity separates us from the pack and binds us in a common purpose—to help clients find an edge in today’s fast-paced, ever-evolving markets.

Explore stories of how the employees of MF Global are delivering on this commitment today, with more stories to come tomorrow.

This cinches it for Corzine, you know. Once Timmay is finally deposed / quits to spend more time with his family; Corzine just enhanced his CV a Billion-Fold....he's a shoe-in for O'bummer's next Treas. Sec.

Sad to see this happen. Cleared MF years ago, mid '90s and it was a top notch organization. And just to think, all it took was a muppet with a CV (head of GS), with a outsized ego to crash the largest FCM in the world. How ironic that a political whore like Corzine gets his ass handed (actually, his shareholders ass) to him on the back of a long (and wrong) Euroland debt position. You can cut the irony with a knife.

Corzine guilty of risk taking in Sovereign debt that bankrupts a 200 year old company but walks away with $12 Million in severance. Just another day in a Goldman Sachs led financial world.

Got CNBC on in the background and if Corzine made a profit he would be touted as doing God's work and pocket $1 Billion and cocked sucked publicly on CNBC. He bankrupts the company, still makes out, and you can see the sympathy and mourning on the faces of his friends at CNBC. Only Rick Santelli calling bullshit on what's occurring, but no one seems to be biting.

Now wait just one second here. MF's "troubles" were just trumped up bullshit spewed by silly fringe blogs, right? Buncha doomers getting over their heads and refusing to let the super-smurt PHDs direct the narrative, right?

So what is a J6P to do now? It's almost like I can't rely on various talking heads in the media to give me correct information. Like maybe they have an ulterior motive to lie to me.

Commented on this elsewhere, but what if MF's PIIGS bonds holdings are not unique among the PDs?

I have no idea if they are, but wonder if this is a Corzine fup, or if PDs may have been encouraged to purchase these bonds as part of a behind the scenes effort to help stabilize the EU. Could be way off base, but given how some things have worked (or not) of late, you never know.

So, they had a tenative deal to sell the assets to IBG that fell apart at the last minute. Will Timmy step in and sell the good assets now to GS for pennies on the dollar? Round up the bad assets at par onto the public balance sheet? Like Greek and other PIIGS debt, kind of a backdoor support for the EMU haircut? Just another day in Bernankestan.

As long as the people either in or associated with this "Gang" keep getting away with what many view as thievery (and that seems to be the way its been) it will continue, and the envelope keeps pushing out the boundaries. Those who live in NJ would have a better understanding.

Below are some quotes of what you'll find in this 2009 article about how NJ was ransacked:

Where is the investigation on the swap agreements, the transparency, the accountability?

Where was the investigation? What was the Governor’s involvement in making these risky instruments? Who is responsible, accountable, for taking on this risk?

How about we investigate and find out and put some of these Wall Street executives responsible in jail, since the risks were never well understood?

The more the Governor privatizes state agencies, the better for Goldman,

Goldman is a major reason for our plutocracy, where the top-1% own 90% of the wealth in this country.

This was the quintessential Goldman hit job on the middle class.Maybe, just maybe, instead of the middle-class paying for the extra costs sustained by NJ in the collapsed auction-rate securities market, how about we disgorge the pay, bonuses, and profits from these Wall Street criminals?

is anyone else thinking MF mustve had cust seg funds invested in EU sovgn debt? this would have been legal per cftc (title 17, section 1.25 ) rules for investment of cust seg funds. this would presumably result in a material loss in cust accts at MF.